tv CNN Newsroom CNN November 3, 2010 12:00pm-2:00pm EST
the best i can get for you. and his base will believe him a little bit more now than they did. >> david, is there one specific thing you're going to be listening for from the president? he's about to speak. >> will this be a statement of contin continuity? or will this be about rogue change? if it's not about change, i think he has real problems. >> will he try to triangulate, to use the famous word, as bill clinton's setback in '94? >> i don't think so. it will be different. >> let me set the scene up for our viewers. we're about a minute or so away from the president, who will be introduced in the east room of the white house. we're told he's now in the blue ro
room, which is adjacent. he will be announced. he will walk in, go up to the podium. reporters will stand, of course, for the president. he will tell them to sit down and then he will make his opening statement. we assume it will be on what's going on in the world of politics. let's not forget, he's getting ready for a major, major trip to asia later this week. he will be gone at least ten days, including a twice postponed trip to indonesia. a lot of other things on his agenda other than politics. issue number one for this president, it's clear, is the economy and jobs. that was the number one issue, by far, by far the number one issue in the elections yesterday and the republicans certainly capitalized on the fact that there continues to be 9.6% unemployment in the united states. and, for all practical purposes, it's even a lot, lot higher. the president of the united states is walking into the east roo
room. >> good afternoon, everybody. last night, i had a chance to speak to the leaders of the house and the senate and reached out to those who had both won and lost in both parties. i told john boehner and mitch mcconnell that i look forward to working with them and i thanked nan nancy pelosi and harry reid for their extraordinary leadership over the last two years. after what i'm sure was a long night for a lot of you and, needless to say it was for me, i can tell you that some election nights are more fun than others. some are exhilarating, some are humbling, but every election, regardless of who wins and who loses, is a reminder that in our democra democracy ours rest not with those of us in elected office
but with the people we have the privilege to serve. over the last few months i've had an opportunity to travel around the country and meet people where they live and where they work, from backyards to factory floors. i did some talking, but mostly i did a lot of listening and yesterday's vote confirmed what i've heard from folks all across america. people are frustrated. they're deeply frustrated with the pace of our economic recovery and the opportunities that they hope for their children and their grandchildren. they want jobs to come back faster. they want paychecks to go further, and they want the ability to give their children the same chances and opportunities as they've had in life. the men and women who sent don't expect washington to fix all their problems but do expect
washington to work for them not against them. they want to be sure that their tax dollars will be spent wisely not wasted and that we won't leave our children a legacy of debt. they want to know that their voices aren't being drowned out by a satisfy of lobbyists, special interests and partisan bickering. they want business to be done here openly and honestly. i ran for this office to tackle these challenges and give voice to the concerns of everyday people. over the last two years, we've made progress, but clearly too many americans haven't felt that progress yet. and they told us that yesterday. as president, i take responsibility for that. what yesterday also told us was that no one party will be able to dictate where we go from here. we must find common ground in order to set -- in order to make progress on some commonly difficult challenges. i told john boehner and mitch mcconnell last night i am very
eager to sit down with members of both parties and figure out how we can move forward together. i'm not suggesting this will be easy. i won't pretend that we'll be able to bridge every difference or solve every disagreement. there's a reason we have two parties in this country, and both democrats and republicans have certain beliefs and certain principles that each feels cannot be compromised. what i think the american people are expected and what we owe them is to focus on those issues that affect their jobs, their security and their future, reducing our deficit, promoting a clean energy economy, making sure that our children are the best educated in the world, making sure that we're make iin investments in technology that will allow us to keep our competitive edge in the global economy, because the most important contest we face is not the contest between democrats and republicans. in this century, the most
important competition we face is between america and our economic competitors around the world. to win that competition and to continue our economic leadership, we're going to need to be strong and we're going to need to be united. now, none of the challenges we face lend themselves to simple solutions or bumper sticker slogans, nor are the answers found in any one particular philosophy or ideology. as i've said before, no person, no party has a monopoly on which is dom. that's why i'm eager to hear good ideas, wherever they come from, whoever proposes them. that's why i believe it's important to have an honest and krivl debate about the choices we face. that's why i want to engage democrats and republicans in serious conversations about where we're going as a nation. with so much at stake, what the american people don't want from us, especially here in
washington, is to spend the next two years refighting the political battles of the last two. we just had an election, we'll have another in 2012. not so naive to think that everybody will put politics aside until then. i do hope to make progress on very serious problems facing us right now. that will require all of us, including me, to work harder in building conconsensus. a little over a month ago we held a town hall meeting in richmond, virginia. one of the most telling questions came from a small business owner who runs a tree care farm. he told me how hard he works and how busy he was. he doesn't have time to pay attention to all the back and forth in washington. and he asked, is there hope for us returning to civility in our districts, to a healthy, legislative process? so, as i strap on the boots
again tomorrow, i know that you guys got it under control. it's hard to have faith in that right now, he said. i do believe there is hope for civility. i do believe there is hope for progress. and that's because i believe in the resiliency of a nation that's bounced back from much worse than what we're going through right now, a nation that's overcome war, depression and has been made more perfect in our struggle for individual rights, individual freedoms. each time, progress has come slowly and even painful, but progress has always come, because we've worked at it and because we believed in it. and, most of all, because we remembered that our first allegiance as citizens is not to a party or region or faction, but to country. because while we may be proud democrats or proud republicans,
we are prouder to be americans. that's something that we all need to remember right now and in the coming months. if we do, i have no doubt we'll continue this nation's long journey toward a better future. so, with that, let me take some questions. i'm going to start off with ben felder at ap. >> are you willing to concede at all that what happened last night was not just an expression of frustration about the economy but a fundamental rejection of your agenda? and, given the results, who do you think speaks to the true voice of the american people right now, you or john boehner? >> i think that there is no doubt that people's number one concern is the economy. and what they were expressing great frustration about is the
fact that we haven't made enough progress on the economy. we've stabilized the economy. we got job growth in the private sectors, but people all across america aren't feeling that progress. they don't see it. and they understand that i'm the president of the united states and that my core responsibility is making sure that we have an economy that's growing, middle class that feels secure, jobs are being created and so i think i've got to take direct responsibility for the fact that we have not made as much progress as we need to make. now, moving forward, i think the question is going to be can democrats and republicans sit down together and come up with a set of ideas that address those core concerns? i'm confident we can. i think that there are some areas where it's going to be very difficult for us to agree on, but i think there's going to be a whole bunch of areas where we can agree.
i don't think there's anybody in america who think that is we've got an energy policy that works the way it needs to. you know, that thinks we shouldn't be working on energy independence. that gives opportunity force democrats and republicans to come together and think about whether it's natural gas or energy efficiency or how we can build electric cars in this country. how do we move forward on that agenda? i think everybody in this country has to make sure our kids are equipped in terms of their education, science background, math backgrounds to compete in this new global economy. that's going to be an area where i think there's potential common ground. so, on a whole range of issues, there are going to be areas where we disagree. the overwhelming message that i hear from the voters is that we want everybody to act responsibly in washington. we want you to work harder to arrive at consensus.
we want you to focus completely on jobs and the economy and growing so that we're ensuring a better future for our children and our grandchildren. and i think that there's no doubt that, as i reflect on the results of the election, it underscores for me that i've got to do a better job, just like everybody else in washington does. i think john boehner and i, and mitch mcconnell and harry reid and nancy pelosi are going to have to sit down and work together, because i suspect that if you talk to any individual voter yesterday, they would say there's some things i agree with democrats on, there are some things i agree with republicans on. i don't think people carry around with them a fixed ideology. i think the majority of people are going about their business, going about their lives.
they just want to make sure we're making progress. savannah guthrie? >> just following up on what ben just talked about, you don't seem to be reflecting or second guessing any of the policy decisions you've made, instead saying the message the voters were sending was about frustration with the economy or maybe even chalking it up to a failure on your part to communicate effectively. if you're not reflect iing on yr policy agenda, is it possible voters can conclude you're still not getting it? >> well, savannah, that was just the first question. so, we're going to have a few more here. i'm doing a whole lot of reflecting and i think there are going to be areas in policy where we're going to have to do a better job. i think that over the last two years, we have made a series of very tough decisions. but decisions that were right in terms of moving the country forward in an emergency
situation, where we had the risk of slipping into a second great depression. but what is absolutely true is that with all that stuff coming at folks fast and furious, a recovery package, what we had to do with respect to the banks, what we had to do with respect to the auto companies, i think people started looking at all this and it felt as if government was getting much more intrusive into people's lives than they were accustomed to. now, the reason was, it was an emergency situation. but i think it's understandable that folks said to themselves, you know, maybe this is the agenda as opposed to a response to an emergency. and that's something that i think, you know, everybody in the white house understood was a danger. we thought it was necessary, but
i'm sympathetic to folks who looked at it and said this is looking like potential overreach. in addition, there are a bunch of price tag that s that went w that. even though these were emergency situations, people said, gosh, we already have all this debt. we already have these big deficits. this is essentially going to compound it and at what point will we get back to a situation where we're doing what families all around the country do, which is make sure that if you spend something, you know how to pay for it, as opposed to racking up the credit card for the next generation. and i think that the other thing that happened is that, you know, when i won the election in 2008, one of the reasons i think that people were excited about the campaign was the prospect that we would change how business is done in washington.
and we were in such a hurry to get things done that we didn't change how things got done. and i think that frustrated people. you know, i'm a strong believer that the ear marking process in congress isn't what the american people want to see when it comes to making tough decisions about how taxpayer dollars are spent. and i, in a rush to get things done, had to sign a bunch of bills that had earmarks in it, which is contrary to what i had talked about. i think folks looked at that and said, gosh, this feels like the same partisan squabbling, it seems like the same ways of doing business as happened before. and so one of the things that i've got to take responsibility for is not having moved enough on those fronts. and i think there is an
opportunity to move forward on some of those issues. my understanding is that eric cantor today wanted to see a moratorium on earmarks continuing. that's something i think we can do together. >> rejected the policy choices you made? >> well, savannah, i think that what i think is absolutely true is that voters are not satisfied with the outcomes. if right now we had 5% unemployment instead of 9.6% unemployment, then people would have more confidence in those policy choices. the fact is that, you know, for most folks, proof of whether they work or not is has the economy gotten back to where it needs to be? and it hasn't. my job is to make sure that, you know, i'm looking at all ideas
that are on the table. when it comes to job creation. if republicans have good ideas for job growth that can drive down the unemployment rate and we haven't thought of them, haven't looked at them, but we think they have a chance of working, we want to try some of them. so, on the policy front, i think the most important thing is to say that we're not going to rule out ideas because they're democrat or republican. we want to just see what works. and, ultimately, i'll be judged as president as to the bottom line, results. >> health care, a lot of republicans ran against your health care law. some have called for repealing the law. i'm wondering, sir, if you believe that health care reform that you worked so hard on is in
danger at this point and whether there's a threat as a result of this election. >> well, i know that there's some republican candidates who won last night who feel very strongly about it. i'm sure that this will be an issue that comes up in discussions with the republican leadership. as i said before, though, i think we would be misreading the election if we thought that the american people want to see us for the next two years relitigate arguments we had over the last two years. with respect to the health care law in general, and this may go to some of the questions that savannah was raising, when i talk to a woman from new hampshire who doesn't have to mortgage her house because she got cancer and is seeking treatment, but now is able to get health insurance -- when i
talk to parents who are relieved that their child with a pre-existing condition can now stay on their policy until they're 26 years old and give them time to transition to find a job that will give them health insurance, or the small businesses that are now taking advantage of the tax credits that are provided, then i say to myself, this was the right thing to do. now, if the republicans have id ideas for how to improve our health care system, if they want to suggest modifications that would deliver faster and more effective reform to a health care system that, you know, has been wildly expensive for too many families, businesses, certainly for our federal government, i'm happy to consider some of those ideas. for example, i know one of the things that's come up is that the 1099 provision in the health
care bill seems to be burdensome for small businesses. it requires too much paperwork, too much filing. it's probably counterproductive. it was designed to make sure that revenue was raised to help pay for some of the other provisions. but if it ends up just being so much trouble that small businesses find it difficult to manage, that's something that we should take a look at. so, there will be examples where i think we can tweak and make improvements on the progress that we've made. that's true for any significant piece of legislation. but i don't think if you ask the american people, should we stop trying to close the donut hole that helps senior citizens get prescription drugs, should we go back to a place where
pre-existing conditions can't get health insurance, i don't think you would have a strong vote for people saying those are provisions i want to eliminate. >> about one out of two voters apparently said they would like to see it overturned or repealed. are you concerned that that may embolden the other party perh s perhaps? >> that also means one out of two voters think it was the right thing to do. obviously, this issue has been contentious. what will be useful is for us to go through, you know, the issues that republicans have issues on. not sort of talking generally. let's talk specifics, you know. this particular provision when it comes to pre-existing conditions, is this something you're for or against? helping seniors get their prescription drugs, does that
make sensor not? you know, if we take that approach, which is different from campaigning -- this is now governing, we can continue to make progress and find some common ground. chip reed? >> thank you, mr. president. republicans say more than anything else what this election was about was spending. they say it will be when hell freezes over that they will accept anything remotely like a stimulus bill or any proposals you have out there to stimulate job growth through spending. do you accept the fact that any spending to create jobs is did he at this point? if so, what else can the government do to create jobs? >> i think that's an important question for democrats and republicans. you know, i think the american people are absolutely concerned about spending, debt and deficits. i'll have a deficit provision
putting forward its ideas. it's a bipartisan group that includes democratic and republican members of congress. hopefully, they were able to arrive at some consensus on a a areas where we could aluminum nate programs that don't work, cut back on government spending that is inefficient, can streamline government. but isn't cutting into -- will make sure we're a competitive economy that is growing, providing opportunity for years to come. so, the question, i think, that my republican friends and me and democratic leaders will have to answer is what are our priorities? what do we care about? that's going to be a tough debate. there are tough choices here. we already had a big deficit that i inherited. and that has been made worse because of the recession.
as we bring it down, i want to make sure we're not cutting into education that is going to help define whether or not we can compete around the world. i don't think we should be cutting back on research and development, because if we can develop new technologies in areas like clean energy, that could make all the difference in terms of job creation here at home. i think the proposal i've put forward with respect to infrastructure is one that, historically, we've had bipartisan agreement about. we should be able to agree now that it makes no sense for china to have better rail systems than us. singapore having better airports than us. we just learned that china now has the fastest super computer on earth. that used to be us. they're making investments because they know those investments will pay off over the long term.
so in these budget discussions, the key is to be able to distinguish between stuff that isn't adding to our growth, isn't an investment in our future and those things that are absolutely necessary for us to be able to increase job growth in the future as well. now, the single most important thing i think we need to do economically -- and this is something that has to be done during the lame duck session, is to make sure that taxes don't go up on middle class families next year. and so we've got some work to do on that front, to make sure that, you know, families not only are not seeing a higher tax burden -- which automatically will happen if congress doesn't act -- but also making sure that business provisions that historically we have extended each year that, for example, provide tax breaks for companies
investing here in the united states in research and development, that those are extended. i think it makes sense for us to extend unemployment insurance, because there's still a lot of folks out there hurting. so, there's some things that we can do right now that will help sustain the recovery and advance it, even as we're also sitting down and figuring out, okay, over the next several years, what kinds of budget cuts can we make that are intelligent, that are smart, that won't be undermining our recovery but, in fact, will be encouraging job growth. >> what you just called investments they call wasteful spending and say it's dead on arrival. it sounds like without their support, you can't get any of it through. >> what is absolutely true is that without any republican support on anything, it will be hard to get things done, but i'm not going to anticipate that they're not going to support anything. i think that part of the message sent to republicans was we want to see stronger job growth in this country.
and if there are good ideas about putting people to work that traditionally have garnered republican support and that don't add to the deficit, then my hope and expectation is that that's something they're willing to have a serious conversation about, when it comes to, for example, the proposal we put forward to accelerate depreciation for business so that if they're building a plant, they can take a complete write off next year, get a huge tax break next year and then that would encourage a lot of businesses to get off the sidelines. that's not historically considered a liberal idea. that's actually an idea that business groups and republicans, i think, have supported for a very long time. so, again, the question is going to be, do we all come to the table with an open mind and say to ourselves, what do we think is actually going to make a difference for the american
people? that's how we're going to be judged over the next couple of years. peter baker? >> thank you, mr. president. after your election two years ago when you met with republicans, in discussing what policies might go forward, you said elections have consequences and you pointed out that you had won. i wonder what the consequences you think this election should have, then, in terms of your policies. are there areas that you would be willing today that you might be willing to compromise on that you weren't willing to compromise on in the past? >> well, i think i've been willing to compromise in the past and i'm going to be willing to compromise going forward on a whole range of issues. let me give you an example. the issue of energy i just mentioned. i think a lot of republicans ran against the energy bill that passed in the house last june. it's doubtful you could get the
votes not to pass that through the house this year or next year, or the year after. but that doesn't mean there isn't agreement that we should have a better energy policy. so, let's find those areas where we can agree. we've got, i think, broad agreement that we've got terrific natural gas resources in this country. are we doing everything we can to develop this? there's a lot of agreement around the need to make sure that electric cars are developed here in the united states, that we don't fall behind other countries. are there things that we can do to encourage that? there's already been bipartisan interest on those issues. there's been discussion about how we can restart our nuclear industry as a means of reducing our dependence on foreign oil and reducing greenhouse gases. does that narrate where we can
move forward? we were able, over the last two years, to increase for the first time in 30 years fuel efficiency standards on cars and trucks. we didn't even need legislation. we just needed the cooperation of automakers, auto workers, investors and other shareholders. and that's going to move us forward in a serious way. so, i think when it comes to something like energy we'll have to say here are areas where there's too much disagreement between democrats and republicans. we can't get this done right now but let's go ahead and make progress on the things that we do agree upon. we continue to have a strong and healthy debate about those areas where we don't. >> i'm sure that's going to be areas particularly, for example,
i think the american people want to see more transparency, more openness. in the midst of economic crisis, one of the things i take responsibility for is not having pushed harder on some of those issues. and i think if you take republicans and democrats at their word, this is an area they want to deliver on for the american people, i want to be supportive of them in that. jay? >> thank you, mr. president. i have a policy question and a personal one. the policy question is you talked about how the immediate goal is the bush tax cuts and making sure that they don't expire for those who earn under $250,000. republicans strongly disagree with that and want all the bush tax cuts extended. are you willing to compromise on that, allow them to expire for everyone over $1 million? where are you willing to budge
on that? and the second one is, president bush, when he went through a similar thing came out and said this was a thumping. you talked about how it was humbling, or you elluded to it, perhaps, being humbling. i wonder when you call your friends like mr. perriello or governor strickland and see 19 legislatures go to the other side, governorships in swing states, democratic party setback, what does it feel like? >> it feels bad. you know, the toughest thing over the last couple of days is seeing really terrific public servants not have the opportunity to serve anymore, at least in the short term. and you mentioned there are just some terrific members of congress who took really tough votes because they thought it was the right thing, even though they knew this could cause them
political problems. and even though a lot of them came from really tough swing districts or majority republican districts. and the amount of courage that they showed, and conviction that they showed, is something that i admire so much. i can't overstate it. and so there is not only sadness about seeing them go, but there's also a lot of questioning on my part in terms of could i have done something differently or done something more so that those folks would still be here? it's hard. and i take responsibility for it in a lot of ways. i will tell you, when i have conversation with his them, they are gracious. what they've told me is we don't have regrets, because i feel like we were doing the right
thing. and, you know, they may be just saying that to make me feel better, which again is a sign of their character and their class, and i hope a lot of them continue to pursue public service, because i think they're terrific public servants. with respect to the tax cut issue, my goal is to make sure that we don't have a huge spike in taxes for middle class families. not only would that be a terrible burden on families who are already go iing through tou times, it would be bad for our economy. it is very important that we're not taking a whole bunch of money out of the system from people who are most likely to spend that money on goods,
services, groceries, buying a winter coat for the kids. that's why i think unemployment insurance is important. not only is it the right thing to do for folks who are struggling and looking for work in this economy, it's the right thing to do for the economy as a whole. so, my goal is to sit down with speaker-elect boehner and mitch mcconnell, harry and nancy some time in the next few weeks and see where we can move forward in a way that, first of all, does no harm. that extends those tax cuts that are very important for middle-class families and also extends those provisions that are important to encourage businesses to invest and provides some certainty over the next year or two. and how that negotiation works its out, i think, is too early
to say. but it will be one of my top priorities and my hope is that given we all have an interest in growing the economy and encouraging job growth that we're not going to play brinkmanship but instead act responsibly. absolutely. laura maclin? >> thank you, mr. president. you said earlier that it was clear that congress was rejecting the cap and trade program and you wouldn't be able to move forward with that. looking ahead, do you feel the same way about epa regulating carbon emissions? are you open to them doing the same thing through an administration action or is that off the table as well? secondly, just to follow up on what you said about changing the way washington works, do you think that -- you said you didn't do enough to change the way things were handled in this city. in order to get your health care bill passed, you needed to make some of those deals. do you wish, in retrospect, you
had not made those deals even if it meant collapse of the program? >> i think making sure families had security and were on a trajectory for lower health care costs was absolutely critical for this country, but you are absolutely right when you are navigating through a house and a senate in this kind of pretty partisan environment that it's an ugly mess when it comes to process. and i think that is something that really affected how people viewed the outcome. that is something that i regret, that we couldn't have made the process more healthier than it ended up being. but i think the outcome was a good one. with respect to the epa, i think
the smart eest thing for us to is to see if we can get democrats, republicans in a room who are serious about energy independence and are series about keeping our air clean and our water clean and dealing with the issue of greenhouse gases and seeing the ways that we can make progress in the short term and invest in technologies in the long term that start giving us the tools to reduce greenhouse gases and solve this problem. the epa is under a court order that says greenhouse gases are a pollutant that fall under their jurisdiction. and i think one of the things that's very important for me is not to have us ignore the science, but rather find ways that we can solve these problems
that don't hurt the economy, that encourage the development of clean energy in this country, that, in fact, create entire new industries and create jobs that -- and that put us in a competitive posture around the world. so, i think it's too early to say whether or not we can make some progress on that front. i think cap and trade was just one way of skinning the cat. it was not the only way. it was a means, not an end. i'll be looking for other means to address this problem. i think the epa wants help from the legislature. i don't think that the desire is to somehow be protective of their powers here. i think what they want to do is make sure that the issues are being dealt with. ed henry? >> i want to do a personal policy one as well. personal, you had a lot of fun on the campaign trail saying that the republicans were drinking a slurpy, sitting on
the sidelines while you were trying to pull the car out of the ditch. you said if you want to go forward you put the car in d. if you want to go backwards, you put it in r. are there americans that think your policies are taking us in reverse and what specific changes will you make to your approach to try to fix that that are connected to the american people? just on a policy front, don't ask, don't tell is something you promised to end. and when you have 60 votes and 59 votes in the senate, it's a tough issue. you haven't been able to do it. do you now have to tell your liberal base maybe 52 or 53 votes in the senate, you're just not going to be able to get it done in the next two years? >> let me take the second issue first. i've been a strong believer in the notion that if somebody is willing to serve in our military, in uniform, putting their lives on the line for our
security that they should not be prevented from doing so because of their sexual orientation. and since there's been a lot of discussion about polls over the last 48 hours, i think it's worth noting that the overwhelming majority of americans feel the same way. it's the right thing to do. now, as commander in chief, i have said that making this change needs to be done in an orderly fashion. i've worked with the pentagon, worked with secretary gates, worked with admiral mullen to make sure that we are looking at this in a systematic way that ma maintains good order and discipline, but that we need to change this policy. there's going to be a review that comes out at the beginning of the month that will have surveyed attitudes and opinions within the armed forces. i will expect that secretary of defense gates and chief admiral
mullen will have something to say about that review. i will look at it carefully. but that will give us time to act in the lame duck session to change this policy. keep in mind, we've got a bunch of court cases that are out there as well. and something that would be very disrupturive to good order and discipline and unit cohesion is if we've got this issue bouncing around in the courts as it already has over the last several weeks where the pentagon and the chain of command doesn't know at any given time what rules they're working on. we need to provide certainty. it's time for us to move this policy forward. this should not be a partisan issue. this is an issue, as i said, where you've got a sizeable portion of the american people squarely behind the notion that folks who are willing to serve on our behalf should be treated fairly and equally.
now, in terms of how we move forward, i think that the american people understand that we're still digging our way out of a pretty big mess. i don't think anybody denies they think we're in the ditch. i just don't think that they feel like we've gotn all the way out of the ditch yet. to move the analogy forward that i used in the campaign, i think what they want right now is democr democrats and republicans both pushing some more to get the car on level ground. and we haven't done that. if you think i was engaging in too much campaign rhetoric, saying republicans were just sitting on the side of the road watching us get that car out of the ditch, at the very least we were pushing in opposite directions.
and so -- >> do you think your policies are taking your countries? reverse? you just reject that idea all together, that your policies could be putting us in reverse? >> yes. look, here is the bottom line. when i came into office, this economy was in a freefall. and the economy has stabilized. the economy is growing. we've seen nine months of private sector job growth. i think it would be hard to argue that we're going backwards. i think what you can argue is that we're stuck in neutral. we are not moving the way we need to, to make sure that folks have the jobs, have the opportunity, are seeing economic growth in their communities the way they need to. that's going to require democrats and republicans to come together and look for the best ideas to move things forward. it will not be easy. not just because democrats are republicans may have different
priorities, as we were just discussing when it came to how we structure tax cuts. but because these issues are hard. you know, republicans throughout the campaign said they're very concerned about the debt and deficits. well, one of the most important things we can do for debt and deficits is economic growth. so, what other proposals do they have to grow the economy if, in fact, they're rejecting some of the proposals i've made? i want to hear from them. what affirmative policies can make a difference in terms of encouraging job growth and promoting the economy? because i don't think that tax cuts alone would -- are going to be a recipe for the kind of expansion that we need. you know, from 2001 to 2009, we cut tabses pretty significantly
and just didn't see the kind of expansion that is going to be necessary in terms of driving the unemployment rate down significantly. i think what we're going to need to do and what the american people want is for us to mix and match ideas, figure out those ideas we can agree on, move forward on those. disagree without being disagreeable on those areas that we can't agree on. if we accomplish that, there will be time for politics later, but over the next year, i think we can solidify this recovery and give people more confidence in it. >> thank you, mr. president. i want to ask if you might have john boehner over for a slurpie, but to a serious question -- >> i might have. they're good drinks. slurpie summit, that's good. i like it. >> since you seem to be in a reflective mood, do you think you need to hit the reset button
with miss? how do you plan to set that reset button with business? would you go beyond your speech to get them off the sidelines, get them off the couch and start hiring again? thank you. >> this is an important question we've been asking ourselves several months now. you know, you're right. as i reflect on what's happened over the last two years, one of the things that i think has not been managed by me as well as it needed to be was finding the right balance in making sure that businesses have rules of the road, treating customers fairly, whether it's credit cards, insurance or their mortgages. but also making absolutely clear
that the only way america succeeds is if businesses are succeeding. the reason we've got an unparalleled standard of living in the history of the world is because we've going to a free market that is dynamic, entrepreneurial and that free market has to be nurtured and cultivated. and there's no doubt that, you know, when you had the financial crisis on wall street, the bonus controversies, the battle around health care, battle around financial reform, then you had bp. you just had a successive set of issues in which i think business took the message, gosh, it seems like we may always be painted as the bad guy. so i have to take responsibility in terms of making sure that i make clear to the business community as well as to the
country that the most important thing we can do is to boost and encourage our business sector and make sure that they're hiring. and so we do have specific plans in terms of how we can structure that outreach. keep in mind, over the last two years, we've been talking to ceo talking to ceos constantly. and as i plan for my trip later this week to asia, the whole focus is how are we going to open up markets so american businesses can prosper and we can sell more goods and create nor jobs here in the united states and a whole bunch of corporate executives are going to be joining us so that i can help them open up those markets and allow them to sell their products. so there's been a lot of strong interaction behind the scenes. but i think setting the right tone publicly is going to be important and could end up making a difference at the
margins in terms of how businesses make investments decisions. >> but you have new specific proposals to get them off the sidelines and start hiring? >> well, i already discussed a couple with chip that haven't been acted on yet. you're right that i made these proposals two months ago or three months ago, but it was in the midst of a campaign season when it was doubtful they were going to get a full hearing just because there was so much political noise going on. i think as we move forward sitting down and talking to businesses figuring out what exactly would help you make more investments, that could create more jobs here in the united states and listening hard to them in a context where maybe democrats and republicans are together so we're receiving the same message at the same time and then acting on that agenda could make a big difference.
matt spatoldne of reuters. >> how do you respond to those who say the election outcome at least in part was voters saying they see you as out of touch with their personal economic pain? and are you willing to make any changes in your leadership style? >> you know, there is an inherent danger in being in the white house and being in the bubble. i mean, folks didn't have any complaints about my leadership style when i was running around iowa for a year, and they got a pretty good look at me up close and personal and they were able to lift the hood and kick the tires and i think they understood that my story was theirs. i might have a funny name.
i might have lived in some different places, but the values of hard work and responsibility and honesty and looking out for one another that had been instilled in them by their parents, those are the same values that i took from my mom and my grandparents. and so the track record has been that when i'm out of this place, that's not an issue. when you're in this place, it is hard not to seem removed. and one of the challenges that we've got to think about is how do i meet my responsibilities here in the white house, which require a lot of hours and a lot of work. but still have that opportunity to engage with the american people on a day-to-day basis and
know -- give them confidence that i'm listening to them. you know, those letters that i read every night, some of them just break my heart. some of them provide me encouragement and inspiration. but nobody is filming me reading those letters. and so it's hard, i think, for people to get a sense of, well, how is he taking in all this information? so i think there are more things that we can do to make sure that i'm getting out of here. but, i mean, i think it's important to point out as well that a couple of great communicators -- ronald reagan and bill clinton -- were standing at this podium two years into their presidency getting very similar questions because the economy wasn't
working the way it needed to be and there were a whole range of factors that made people concerned that maybe the party in power wasn't listening to them. this is something that i think every president needs to go through because the responsibilities of this office are so enormous and so many people are depending on what we do. and in the rush of activity, sometimes we lose track of the ways that we connected with folks that got us here in the first place. and that's something that -- now, i'm not recommending for every future president that they take a shellacking like i did last night. you know, i'm sure there are
easier ways to learn these lessons. but i do think that -- this is a growth process and an evolution, and the relationship that i've had with the american people is one that built slowly, peaked at this incredible high and then during the course of the last two years ago we've together go through some very difficult times has gotten rockier and tougher. and it's going to, i'm sure, have some more ups and downs during the course of me being in this office. but the one thing that i just want to end on is getting out of here is good for me, too, because when i travel around the country, even in the toughest of these debates -- in the midst of health care during the summer
when there were protesters about and when i'm meeting families who have lost loved ones in afghanistan or iraq, i always come away from those interactions just feeling so much more optimistic about this country. we have such good and decent people who on a day-to-day basis are finding all kinds of ways to live together and educate kids and grow their communities and improve their communities and create businesses and work together to create great new products and services. you know, the american people always make me optimistic. and that's why during the course of the last two years, as tough as it's been, as many sometimes scary moments that -- as we've gone through, i've never doubted
that we're going to emerge stronger than we were before. and i think that remains true. and i'm just going to be looking forward to playing my part in helping -- helping that journey along. all right? thank you very much, everybody. >> took him almost an hour but he finally acknowledged at the very end that he did in fact take at his word a shellacking last night. the president of the united states very somber, serious, sober, saying i'm doing a whole lot of reflecting on what's going on right now, saying, "i've got to do a better job." "it's hard" he said when he noted some of his friends -- when the reporter noted some of his personal friends suffered defeat yesterday. he said, "i take responsibility in many ways." let's walk over to cnn's john king. this is a president very different today, john, than we've seen over these past two years. he was acknowledging that, yes,
there were some serious problems in his presidency. >> it took him a while. at the end he was the most human when he said it was a shellacking and needs to get out of the bubble. he used the word sad. he was very somber and sober throughout. this doesn't happen by accident. this was a president that said he was willing to negotiate on the bush tax cuts maybe go higher than $250,000. he'll listen if the republicans come to table with ideas. candid in saying he's not going to get his approach to energy and needs to have a conversation with republicans about that. the bigger question for this president looking forward and at the end he seemed to get it more than throughout the rest of the hour -- he's lost his connection with the middle of the american electorate. this doesn't happen just because of a tea party revolt. this happens because independent voters abandon the democratic party. it happens in places like pennsylvania and new york and ohio because working class democrats, the highest number of union households voted republican for house than in our modern history. that happens because the president has lost his
connection with them. he said he can understand people who seems like he overreached or feels like he overreached. when you talk to these people they believe without a doubt he overreached in health care or in not putting the economy first. his connection for all the policy questions -- and the panel will debate them i'm sure. he has lost his connection with very important parts of this electorate. working class americans who are critical and the middle who gave him north carolina, virginia and colorado and nevada and new mexico last time. if the president doesn't figure that out and figure it out soon, 2012 looks tougher. >> and he flatly said he wants to compromise now with the republicans on issues and he's confident there are many areas where compromise is possible and broadly hinted on the issue of extending the bush tax cuts. he's ready to compromise. >> he said he was ready to negotiate on that. ed henry asked him an interesting question. the president went around country saying if you want to keep going forward put the car in "d," backwards "r" in
reverse. "d" democrat, "r" republican. look at this. the president made that case for months. the american people yesterday by overwhelming margins put the car in "r" in washington and at the state level and state legislative level. that is a direct and very sharp message to this white house, which is why you would understand him using the word sad. the question is how does he adjust and reposition. clearly he didn't want to say too much today. he's going to sort this through more. >> he'll have plenty of time to reflect on this. we're going to take a quick break. the best political team on television is standing by. we're going to digest what we just heard from a very sober and sad president obama. [ beeping ]
♪ my country ♪ 'tis of thee ♪ sweet land ♪ of liberty ♪ of thee i sing [ laughs ] ♪ oh, land ♪ where my fathers died ♪ land of the pilgrims' pride ♪ from every mountainside ♪ let freedom ring ♪ of all of the hard work and effort you've put in. oh wow, it's going to be great. i think i'm going to cry. [ laughs ] it's gonna mean so much, because i've made it. you know.
i'm going to realize "i did it". and nobody can take that away from me. [ man #1 ] it's sort of bittersweet, only, because it's the end of something that i've put a lot of time and a lot of effort into. but it's also the beginning of something new. ♪ [ cheers and applause ] i'd like one of those desserts and some coffee. sure, decaf or regular? - regular. - cake or pie? - pie. - apple or cherry? cherry. oil or cream? oil or cream? cream... please. when other toppings are made with hydrogenated oil, the real dairy cream in reddi-wip's sure an easy choice. nothing's more real than reddi-wip. fork or... spoon?
president of the united states just told all of us he took a shellacking last night. he certainly did. the republicans will now be the majority in the house of representatives and they've gained several seats in the senate. it's going to be a whole new washington once this new congress takes office in january. there's still, though, a lame duck session that has to get through. let's assess what is going to happen in the immediate days. james carville is here together with the best political team on television. you heard the president say he thinks maybe during this lame duck they can work out an agreement on extending the bush tax cuts and on the "don't ask, don't tell," eliminating the
daddad t policy. is that possible? >> maybe on the first maybe on the second. does he work out the agreement with the lake duck congress. i would suspect he wants to work on the lame duck congress. >> i think he's put out deals about compromise. he said he was humble and said he took out shellacking and put out ideas where they could find compromise particularly on infrastructure where historically there has been broad compromise around infrastructure. so he put out some ideas. >> the former president president bush took a thumping. remember when he took a thumping. this president took a shellacking. >> i was struck how difficult losing is. this president stood up there -- it took bill clinton until the end of january in the state of the union to say the era of big government is over. i think republicans would be well advised to give this president time to digest what happened. he left the door open today to compromise and to working together.
but what i didn't hear that stunned me was that -- any personal responsibility. it's the economy's fault. it's the economic crisis and what we had to do. the devil made us do it. it was -- i didn't hear any -- >> he did at one point when he was asked -- when he was asked how he felt about speaking with some -- like a governor strickland who lost in ohio, tom perriello who lost in virginia. he said it's hard and i take responsibility in many ways. >> but he didn't take responsibility in what he said, in what he said. it was because of the economy, because of the economic -- the crisis they had to respond to. he didn't say the american people told me i haven't been listening. we haven't been listening and i'm going to fix that. there are some things -- he didn't do that. i think we should give him to -- give him time to -- >> look, he didn't -- >> come on. >> he seemed to say that this was a problem with the process.
he talked a lot about process. didn't talk about changing health care. he talked about tweaking things. he seemed to think this was a perception. he kept saying we had to do all these bailouts and all that, people confused that and thought that was my agenda. that wasn't my agenda, that was an emergency. so he seemed to be -- and i don't think we should expect him to say, oh, by the way, my health care bill was terrible. that's not going to happen. but what you saw was a president trying to digest all of this, which is really hard to do, and to kind of go through it and say, okay, what went wrong. and people felt left out of the health care process. they felt like we cut deals on earmarks that we shouldn't have cut. but if you were to say to him, as reporters tried, was it your policy, maybe people didn't like health care, he's not going there. >> he defended his policy. >> as i look at ali velshi i think back to his constant reporting in 2009 every time the
stock market dropped in two, three, four hundred points, everybody fretting about their 401(k)s, losing money, pension funds. he talks about the emergency procedures now the dow above 11,000 and all of a sudden come back up. you don't hear people complaining about 401(k)s now. you don't hear them talking about it because they dropped. but no one talks about that but it was doom and gloom last year. he laid out in terms of the emergency issues. we can talk about he didn't take personal responsibility. when get your butt kicked, you got your butt kicked. so he did talk about what did we have to do to move forward to still deal with the economy. whether you're republican or democrat. >> can i just say my own personal thought is i saw a man that looked like he lost an historic election the night before. he looked like a man that got beat. how else would you want him to -- again, reagan -- not exactly. but he looked like you would -- no better or no worse than you
would expect him to look. >> how is the tea party movement going to react to this reaction from the president? >> if they react like i'm reacting, i just heard a tone deaf president who looks like he got beat, who knows he got beat but really doesn't want to take real responsibility for it. when you got a drubbing not just in congress but the state legislative level and state governors mansions and county and municipal level across the country you have a real disconnect and the american people say, washington thinks we're dumb rubes, washington thinks it knows best. and to have the president spend so much time talking about green jobs, the green economy and battery powered cars today, who cares about that today? >> i tell you what -- you have a job. >> but those are jobs dependent on the government and the people that form the government -- >> very quickly, go ahead. >> they want a job. >> he was a man who is wounded out there today, chastened, tired, almost listless at times.
sympathetic in that respect. but i also felt i don't think he did what clinton did. he didn't pivot to the center and really indicate a sense of direction and the fact he's leaving town, leaving the country on friday is a real mistake because it does give an open arena for everybody else. >> this trip has been planned for months and months. we're going to just continue our coverage. i'll be back 5:00 p.m. eastern in "the situation room." our coverage will continue right now with our good friend ali velshi. >> thanks very much. good conversation that you were having there. one of the things that we saw in the exit polls last night was that democrats, while nobody is really worrying about their 401(k) right now as roland was talking about, democrats are very, very worried about jobs. those who identified as republicans are very, very worried about the deficits. but the economy continues to be the number one issue, and that drove a lot of the voice of voters in america last night. the voters have clearly spoken. the president, as you have been discussing, has spoken.
the presumptive new house speaker has spoken. but the most pivotal midterm election in more than 60 years continues to be a developing story. this is something we're getting used to in the united states. it takes a few days. three big senate races yet to be decided. in alaska lisa murkowski has a real shot at keeping her seat as a write-in candidate. write-in votes are running well ahead of tea party backed candidate joe miller in the middle. you recall he beat murkowski for the gop primary but it won't be known for days. she sub assistan-- you notice w mcadams the democrat, joe miller the republican and write-ins including lisa murkowski. there were over 150 names on that ballot in alaska. we're assuming most of those write-in ballots are for murkowski but that's not going to be settled all that soon. if she wins she will only be the second u.s. senator ever to be
elected as a write-in. strom thurmond was the first in 1954. in colorado we have news developing out of there. incumbent michael bennet embracing a possible recount in the race against tea party backed republican ken buck. we're awaiting response from michael bennet and expecting to hear him talk -- in fact, am i hearing a voice? that michael bennet speaking? >> they will go state by state arguing who deserves blame and what the results mean for the next election. and when they get to colorado, let me tell you, they're not going to know what happened. they're going to scratch their heads and wonder what the heck is going on out here. they will ask what this message sends to the rest of the
country. so if you'll let me take this on for a minute, i want to try to make their job just a little easier by cutting to the chase. this election and our campaign were never about sending some sort of political message. it was never about the latest poll or attack ad. this election was about all of you. it was always about rolling up our sleeves and getting to work to rebuild our state and our country. this laek was about the innovators and entrepreneurs and the small business owners looking to build tomorrow's colorado, the mothers and fathers struggling to make ends meet in this savage economy who are sitting at their kitchen tables trying to figure out how they're going to do more with less. this election was about my three little girls and the 850,000 schoolchildren across colorado who already believe that we've made them a promise that the zip
code they're born into is not going to define the quality of the education they're going to get. this election was about the line cooks and waitresses, the firefighters and police officers, teachers, small business owners, night shift workers, our farmers and our ranchers, our active duty military and reserves and the 425,000 veterans who proudly call colorado home this election was always about the future of our hopeful, strong and beautiful colorado. and finally, this election was about fixing washington and rebuilding our politics so that it's worthy of the aspirations that we all share. it was about and it is about making sure that our generation lives up to the promise of america, that we will leave
more, not less to those who come after us. that's not a democratic idea or a republican idea. that is an american idea. that is what this campaign has been about from the beginning and it remains our cause this morning. you know, governor ritter 22 months ago made a very surprising choice to try to fill the shoes of our great secretary of the interior ken salazar. let's face it, most people thought he had lost his mind. so i want to thank governor ritter for believing in me then and thank you, colorado, for believing in me now. i am humbled by your support,
and i'm inspired by it. and i will not let you down. i'm not going back to washington to play politics. i'm going back there to fight for more jobs, for better jobs, for a clean energy economy and for a 21st century education for every child. i'm going back there to fight so that every american has access to quality health care that we can afford. you can cheer for that. on too many issues -- on education, on energy, on trade, on spending, the orthodoxies of both political parties are obsolete. and in this new age, every organization, for-profit, not-for-profit is having to re-examine its approach, its essential approach to remain rel vapt to this world. could there be a more -- a better backdrop than that?
the senate is no exception. it must also change. it just doesn't know it yet. well, i'm going back there to deliver that message from my town hall meetings. we have to do this for my daughters and for children all across colorado, including the ones behind us right now. this race from the beginning has been about colorado's families, so for my wife susan and me and our three girls, caroline, helena and ann, it has been a family project every step of the way. it has not always been easy on them. and, susan, none of this would have been possible, none of it would have been premostly --
remotely -- do you want to read this line? >> i do, i do. >> let's let caroline read it. can you read this? we didn't practice this. can you read it? okay, let caroline read it. >> no, i want to. >> let's read it together. go ahead, caroline. >> and now tomorrow we will start working for that p-- star looking for that puppy i promised. it's a promise. >> tomorrow we will start looking for that puppy i promised. >> i tried to suggest to ann that this was going to be the puppy and it didn't quite fit the bill.
i have far too many people to thank than i can possibly recognize today and that's what i'll be doing the rest of the day and in the week ahead. but i would like to congratulate the most committed, brilliant and hard working campaign leadership and staff in the entire country. and i want to thank from the bottom of my heart the thousands of people who lent us their support, who sent us donations or made telephone calls or knocked on doors across the state to deliver our message that change is hard, that we can't get it done overnight, but that we can get it done together. this is definitely a race for the record books.
and this is not my victory. it is yours. and i will never, ever forget that. i also want to say a word about my opponent, ken buck, who fought hard in this campaign. i congratulate him on his race, and i honor his commitment to public service. because our differences were stark and the race was very close, some will read into this outcome that coloradoans are deeply divided. i can tell you that that would be a mistake. what i've heard over and over is that the aspirations we all have for our families and our communities are so much more shared and so much more powerful than the trivial issues and false choices that the politicians and -- >> we will continue to listen in to michael bennet in a moment. we're going to speak to mary snow for more on this.
michael bennet is the incumbent. we have not declared him the winner this have race. he's running against ken buck. he took that seat after ken salazar became the secretary of the interior. ken buck is one of the high profile senate candidates that was backed by the tea party. there have been two who have lost -- christine o'donnell in delaware, sharron angle in nevada. ken buck is running behind michael bennet. bennet is about 15,500 votes ahead. 48% of the vote versus 47%. this sounded like a victory speech by michael bennet but he's not been declared the winner just yet. the counting continues. that's why he was talking about that hard-fought win or that hard-fought battle with ken buck, the republican. we will continue to follow this story. ken buck has not conceded in this race. we'll go to mary in just a second in colorado. in washington state there is another contested race under way, another incumbent democrat
patty murray is struggling to survive against republican dino rossi. a closely watched governors race was decided late this morning. florida democrat alex sink was defeated. she's the state's chief financial officer. she did the math and conceded to republican health care executive rick scott in remarks that you may have seen here on cnn, sink took note of votes cast as well as dollars spent. listen to this. >> well, we have to look at history again. we've never had a candidate in the state of florida who spent more than $70 million of his own money -- own -- a lot of negative advertising actually, starting in the republican primary. but at the end, i believe we had sufficient resources to be competitive. look how close we came in an environment in which other democrats were losing by 20 points. >> okay. let's go back to that colorado
race that we were just talking about. michael bennet versus ken buck. mary snow has been on this story since yesterday all night. she's been studying it. what do we make of this? this is a hotly contested race. ken buck is a very prominent republican, backed by the tea party. this was an important race for the democrats to keep. what do you know? >> reporter: ali, as you said, michael bennet is claiming victory but as you said, cnn has not called this race and there haven't been any other national media outlets that have called this race. "denver post" declared him the winner earlier today. i have been in touch with the buck campaign within the last half hour. they have not had any updates. what they were saying this morning is that they're still looking where returns needed to report as well as provisional ballots before they were going to make any decisions. and this was a disappointment for republicans because we spoke with ken buck on monday and he
said that he felt he had a comfortable lead in this race. and republicans waiting for the results last night had said that they would be surprised if ken buck wouldn't win. democrats have been saying all along they felt this would be very close and could come within a few hundred points. what seems to have made a difference boulder county when some of the results came in, that is where michael bennet had been spending time yesterday. he had been out up until the last minute when the polls were closing last night to get out the vote because democrats were very nervous about this race. you may have heard senator mark udall opening -- he gave some statements as well saying what does this race tell us. he said, there are two things that this race tells the nation. that, one, voters really just want the economy back on track. they want to see jobs created. and that, two, lawmakers -- they want to see lawmakers working together. so as of now we have senator
michael bennet, the incumbent, declaring victory in this race but kind of an odd situation. hasn't been declared -- it hasn't been made final in terms of all the results by media outlets like cnn. >> yeah. we will continue to track the story. that's why you're out there, mary. thanks very much. mary snow on that story. we've heard from the president and heard from michael bennet and the new speaker of the house. the bottom line is those are very interesting specific stories. many of you want to know about the balance of power and how power has shifted in the house and senate. when we cox back i'm going to break it down exactly so you know what they'll look like for the next two years.
all right. the story ofthese elections is the country's hard turn to the right but today the country's happiest politicians -- the happiest politician might be a democrat. harry reid managed to hold off his tea party backed opponent sharron angle to keep his senate seat in nevada and probably his lofty post as senate majority leader. yes, he still commands a majority but just barely. reid talked about the future on "american morning." >> all of us who are going to be in the senate have to work together. that's the message from the american people. we must work together. i'm looking forward to that. i have a good relationship with mitch mcconnell my republican counter part. i've known john boehner for years. i think this is a time to set aside our speeches and start
rolling up our sleeves and have a little sweat on our brow. >> next door in california democratic senator barbara boxer put away the former hewlett-packard ceo carly fiorina but they have to make room for a tea party backed caucus that has five members in the senate. marco rubio of florida, rand paul of kentucky, mike lee of utah, pat toomey of pennsylvania and ron johnson of wisconsin. tea party favorites as i mentioned sharron angle of nevada and christine o'donnell of delaware did not make the cut. new york tea party backed gubernatorial candidate carl paladino easily defeated by andrew cuomo. for the third national election in a row voters have revolted against one party or another. i mentioned these were pivotal elections. republicans picked up 60 house seats, the biggest turnover since 91948. the projected party breakdown
stands at 238 republicans, 185 democrats. in the senate democrats will hold at least 51 seats but keep in mind it takes at least 60 votes there to do anything. so the democrats will still retain control of the senate. and you've heard this before, but it deserves repeating. more than $3.5 billion were spent on this midterm election, making it the most expensive off-year election in the nation's history. would the republicans regain control of the house of representatives? now we know they did in a resounding way. the democrats retain their control of the senate but just barely. do voters think the country will be better off with the republicans in control of the house? let's take a look at this research from the pew research center. it shows registered voters were evenly divided over the question -- that very question in the final days leading up to the election. about a third said it would be better for the country if republicans won control of congress. an identical percentage said it
would be better if the democrats maintained control. get this. 30% said it would make no difference. in our own exit polling yesterday, we showed the same degree of disdain for both political parties. more than 50% did not like the democrats and did not like the republicans. they were upset at everyone. forget about how the parties did for a moment. there were notable gains and losses yesterday. the changing face of american politics from state houses to the senate when we come back. yup, there's a new head chef in the kitchen. introducing new quaker mix up creations. does your breakfast make you amazing? [ george ] save $523. save $345. 16 minutes could save you 16%. come on.
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personal pricing now on brakes. tell us what you want to pay. we do our best to make that work. deal! my money. my choice. my meineke. a lot of changes on the political landscape. basically red versus blue, democrats versus the republicans. that's the one that's had most people's attention. let's talk about other demographic changes,
gubernatorial gains by women. i want to tell you a little about that. until now fewer than half the states have had women governors at any point. 23 -- 27 states have never had a female chief executive. six women are currently in office. those are the states in blue and green. of those, three are set to leave. now, three new states have just elected their first female governors ever. republican mary fallon in oklahoma. susan martinez won in new mexico making her the first hispanic female governor in the united states and republican nikki haley won in south carolina, a tea party backed candidate backed by sarah palin. she is the first female of indian ancestry in the united states. as we know bobby jindal in louisiana is also of indian descent. martinez is the first latina governor. haley and martinez will be the first two women of color to be in charge of a state house.
governors' mansions got a little more diverse. the u.s. senate got a little less diverse which departures of roland burress filling out time in barack obama old seat. thereof only been six in history, four in the modern era and two right around reconstruction. a shellacking is how president obama described what happened last night in last night's historic election. we're going live to the white house for "the stakeout" with ed henry. he's going to tell us what the mood is like over there and what changes are in store after the message that the white house got from american voters last night. l zesty quality. that's the chipotle and cilantro. it's one of our new mexican soups. it reminds me of guadalajara. a special man. his delicious soups. sheila? [ male announcer ] progresso. you gotta taste this soup.
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okay. about an hour ago we were listening to president obama, his first speech, his first public statement. it was a press conference with reporters after last night's election. ed henry was in the room when the president made that speech. time to go to him for our daily discussion with him with "the stakeout." ed, what's your sense of it? there was lots of discussion immediately after in this room with our analysts but what's the sense that you had of the president's comments? >> reporter: the sense in the room that i heard and thought on my own but you hear people sort of chatting about it was that it didn't really seem like this was a president ready to make some radical changes. this was not a president who is going to go down the bill clinton mold and do a whole lot of soul searching and say, i made a whole lot of mistakes and i have to do these five things moving forward. it seemed very distant in some ways in him saying -- i think
jake tapper picked up on this when he said the president described it at one point as it can be an humbling experience, something like that. he didn't say, i was humbled. later when he was talking about the shellacking, that was sort of the strongest answer at the end in terms of getting personal. the president said, i don't wish a fate like this on future presidents to take a shellacking. again, he was inferring and suggesting that he took a shellacking but still doing it in kind of a distant way. when i and savannah guthrie and others asked him what kind of changes he was going to make, he didn't get very specific. that's his right. but my point is i don't see him now coming forward here and deciding to do some radical shakeup. and maybe that's fine. maybe that's going to work for him. for bill clinton he decided he had to do a lot more things. he ended up making some changes, getting a lot of legislation done and getting reelected in two years. this president may have the same fate by making smaller
adjustments. we shall see. >> ed, we had eric erikson talking about it and david gergen here. we had a number of people who said the president didn't -- james carville was saying he didn't look like a man on his game. he looked like a man defeated and almost listless at times. this was not vintage president obama, so maybe what is going to come -- maybe the bigger response will be later. this is a preplanned speech. he knew he had to speak to the reporters. we knew this a couple of days ago. but maybe that shellacking that he said they got last night was so big this isn't the fullest response. there was a sense around this table that it was a bit lacking. >> reporter: it was interesting because the president himself noted that when savannah from nbc asked him what's the deal, do you get it, are you going to show people that you get it, and she, i think was second and was saying in the first answer you didn't seem like -- you didn't get into a lot of detail. he said, that was only the first answer.
i'm going to get this question five or six times, which is true because we're all going to follow up and press him on that. what i was surprised by maybe to your point is after the second, third, fourth answer, he didn't really seem to be adding much more detail or really going down that road. again, that's his right. he's free to not want to get on the couch and say here's what i'm really thinking although i thought he sort of got on the couch a little bit in that tenth answer, the final answer to reuters where he was saying, you know, it's hard to sort of get outside the bubble and the whole shellacking thing. and he really did seem to kind of warm up but it seemed like it took a while to get to that point that maybe people were wondering do you get it, did you take a shellacking? he did it but kind of took a while to get there. >> you've been on air for 25 hours now, so what you saw the other night was john boehner, who is going to be the speaker of the house most likely give a speech that did something he has
done before but not common. he got very choked up. he had some tears last night. someone asked the question of president obama this morning, who's in charge? who's it going to be, you or john boehner? most people as you know -- most americans do not know or understand the speaker of the house until that person becomes the speaker of the house. america doesn't really know john boehner. we got to know nancy pelosi. that was an interesting question to the president. >> reporter: it was. i'm glad you mentioned it because i thought it was an interesting answer because the president would not engage when asked who really speaks for the country, who really connects with people, is it you or john boehner? ben feller i think asked that question from a.p. and the president dodged that and says i think there's me, there's john boehner, there's nanny pelosi who some think will be out of the leadership. significance there, during the campaign he kept making this him versus boehner because it suited his interest and now he doesn't
want to be drawn into a one-on-one and you picked up on that. he wants to broaden this situation and not make it like john boehner is the opposition leader. >> you going to get some sleep? >> reporter: i'm calling this the stakeout to stakeout. i stayed here until 2:00 a.m. and went back to the bureau and didn't sleep. i'm not advising this but the way the schedule is working out. this is our thing, so i've got to be here. >> you are a man of great fortitude and we're happy to have you and honored that you stuck around. get a little rest. >> reporter: my favorite moment at one point i saw you in the background in between your many exit polling things and saw you having a slice of pizza in the background. >> oh, really? you saw that? >> reporter: did you have pizza? i saw that. >> i didn't really have that discussion with my wife that i had pizza. i was talking about the salad and the fruit. >> reporter: i think you should write about it on the blog. >> didn't know anybody had seen
that. ed henry our senior white house correspondent at the white house for a very long time. breaking news. we were expecting to hear from the federal reserve. they've come out with an announcement that they are going to buy $600 billion worth of treasuries. that means that the fed buys these bonds that are out there and in exchange for that it provides money. where does it get that money? sometimes it prints it. that puts $600 billion more into the economy and they say there could be another $200 billion or $300 billion after that. almost a trillion dollars it's going to put into the economy. why is the dow down 30 points after that big announcement after we have gridlock in the house and the senate, which is exactly what investors like? you know why? because investors knew all of this was coming. they read polls, too. they read the news. they knew that the republicans were going to take the house. that was what was expected. they knew the federal reserve was going to do this today. that was what was expected. so they trade ahead of it. they don't wait for the news to
happen. they're not looking at election results and saying let's do something now that the republicans run the house. what would have been news is if the republicans didn't win the house or won the senate or the federal reserve came out with a lot less than the $600 billion or a lot more. what has happened is the election results and this fed decision are spot on to what investors thought they were going to be which is why you're seeing virtually no re-5:00 in the stock market. later on i'll break it down for you of what this fed intervention means and whether it will act as another stimulus. who helped propel the gop to victory? a look at exit polls from three groups who normally throw support behind the democrats. paul steinhauser helping me out with this. ♪ ♪ ♪
it's not for the treatment of high uric acid without a history of gout. uloric reduces uric acid to help you reach a healthy level. [ female announcer ] don't take uloric if you are taking azathioprine, mercaptopurine, or theophylline. gout may flare when starting uloric. don't stop taking it. your doctor may give you other medicines to help prevent flares. a small number of heart attacks, strokes, and heart-related deaths were seen in studies. it's not certain uloric caused them. certain tests to check liver function may be required. tell your doctor about liver or kidney problems, or history of heart disease or stroke. the most common side effects are liver problems, nausea, gout flares, joint pain, and rash. [ male announcer ] if you have gout, ask your doctor about uloric. all right. one ever the things that we were doing last night is paying very, very close attention to exit polls. these are more sophisticated than the ballots yes or no. what happens is people come out
of thes polls and we ask them along with other networks and ask them a lot of questions that break down who they are and reasons behind voting. paul steinhauser follows these polls very quickly. we want to look at why the democrats took the big losses that they did in terms of people who traditionally support democrats who don't do that now. paul steinhauser joins me now. one of the things we want to look at is women and how they voted last night versus how they typically vote when it comes to the democrats. >> you're right, ali, women typically do quite well and go for the democrats. look at the numbers from our national exit polls. 49% of women voting for the democrats, 48% for the republicans. that's a troubling number. our polling director tells me that ties the lowest ever female vote for the democrats tied in 1992. men voted for the highest level ever for republicans. >> they were -- 55% was the number of men who came out for republicans. so a real polarization there.
let's talk about this by age. if you were 65 or older we know that you were 24% of the electorate yesterday. how do they break? >> they voted for the highest level ever for republicans, 40% for the democrats, 58% for the republicans. >> and finally by education, if you were blue color, if you were white without a college education you broke for republicans too? >> sure did. 62% for the republicans, 35% for the democrats. >> this information all works for parties that won and lost to say where did we -- there was not a lot of fuzzy n. in this election. wasn't a lot of navel gazing who those people are but everybody dividing up into clean categories. our deputy political editor paul steinhauser. favorite pajamas or t-shirts, what do they have in common? they'll cost you more because cotton prices are going way up.
today on taking the lead let's talk about the value of polyester. not everybody's fabric but looking like a bargain. just about anything made of cotton is going to cost you more. a scramble for raw cotton has sent prices higher, almost 80% higher in the past few months. a pair of jeans recently you may have seen the prices jump at the retail level. some other companies have been holding the line and absorbing the rising cost but that won't be the case too much longer unless something changes. the makers of everything from anne klein to 9 west and north face say it's going to get more expensive. supply and demand. cotton prices dropped the last
couple of years because of the recession. cotton providers reduced inventory. that makes sense. problems rose when demands picked up as the economy started to improve and at the same time cotton crops were hit with bad weather. that brought in speculators who drove the price of kotdon up, buying it up to resell it to the market when it went up. those are guys who come in to buy the commodity not to use it but because they bet the price will go up and they want to make a profit pure and simple. we saw it in oil prices a couple of years ago and gone up the price of cotton has. china is the world's biggest produce ir of cotton. the united states is third behind india. americans vote by secret ballot, so how do we know what they're really thinking? exit polls, i was telling you about that a few minutes ago. i have fantastic graphics i want to show you and more intriguing findings. ♪ [ upbeat instrumental ]
midterms are over. you know when the presidential race starts, last night. who do republicans want to see as their standard bearer in 2012? we asked voters in new hampshire, which is the first state caucus. let me tell you what they said. 21% say mike huckabee 18% want sarah palin and only 7% newt gingrich. take a look at south carolina which will be the first southern primary. in south carolina, 25% want sarah palin, 24% want mike huckabee, 20% want mitt romney and again only 10% want newt gingrich. those are the two we've looked at. those are going to be early responses. mike huckabee, mitt romney, sarah palin coming up at the top of these lists. that's what we're going to be following and talking about that
for the next couple of years. that's it for me. "newsroom" continues right after this break. "than you. "10 airbags... daytime running lamps... "onstar automatic crash response. "in case ya didn't see it, that's probably why "msn autos called the cruze "the class of its class right now. that seems pretty clear, doesn't it?" the all-new chevrolet cruze. starting under $17,000. get used to more. ♪